DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.

A bearish movement downwards to the next support at 7.584000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 7.988000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing